270 views
FEATURED
Mining Index Zimbabwe
- March 22, 2022
270 views 12 secs

Alrosa to shut US office

Alrosa plans to close its New York operations as tensions between the US and Russia escalate. Rebecca Foerster, president of Alrosa USA, has left the company, the miner said Monday. The developments follow White House sanctions on Alrosa and other Russian entities amid the country’s continued war in Ukraine. The US has also banned the […]

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307 views
FEATURED
Mining Index Zimbabwe
- March 22, 2022
307 views 2 mins

First Quantum to power Zambia copper mines with wind, solar

First Quantum Minerals plans to power its copper mines in Zambia through a $500-million solar and wind energy installation funded by a TotalEnergies-backed company and Chariot. Electricity shortages have, in the past decade, hurt mining operations in the southern African nation that relies almost completely on hydropower. The project is also a shift for Vancouver-based […]

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139 views
FEATURED
Mining Index Zimbabwe
- March 22, 2022
139 views 3 mins

High noon for oil hunters

INVICTUS Energy, the firm that is exploring potentially lucrative oil fields in Zimbabwe’s Muzarabani district, says it has inked a deal with Poland-based Exalo Drilling SA to sink the first of its two test wells for the project. Exalo is a world leader in gas and oil well drilling. It is a crucial phase of […]

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332 views
FEATURED
Mining Index Zimbabwe
- March 22, 2022
332 views 7 mins

Zim dangles minerals to US in sanctions fight

THE Zimbabwe government is dangling rare earth elements (REE) to the United States (US) in a desperate move to influence the lifting of sanctions, as the country’s economy goes on a tailspin, documents show. On September 1, 2019, the government of Zimbabwe hired British consultancy firm Mercury International UK Limited, now Actum International UK Limited, […]

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204 views
FEATURED
Mining Index Zimbabwe
- March 21, 2022
204 views 3 mins

Blanket lifts revenue 21% after shaft launch

GROSS revenue at Caledonia Mining Corporation rose by 21% to US$121 million during the year ended December 31, 2021 after it reported its biggest gold output. Caledonia operates Gwanda-based gold producer Blanket Mine, which has been on an aggressive expansion drive over the past five years. According to its operating and financial results for the […]

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187 views
FEATURED
Mining Index Zimbabwe
- March 21, 2022
187 views 2 mins

De Beers unveils $420M diamond-mining ship

De Beers has revealed the newest member of its underwater mining fleet: a $420 million ship that is set to add 500,000 carats of high-value diamonds to its annual production from Debmarine Namibia. The custom-built vessel, called the Benguela Gem, will begin diamond-recovery operations this week, De Beers said Friday. Paid for by De Beers […]

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351 views
FEATURED
Mining Index Zimbabwe
- March 21, 2022
351 views 4 mins

Australia uses coal/alumina to aid the Ukraine

Australia over the weekend took the decision to ban alumina and aluminium ore exports, including bauxite, into Russia, as part of sanctions against the nation following its invasion of the Ukraine. Trade Minister Dan Tehan said the ban on Australian aluminium ores and alumina would limit Russia’s capaclty to produce aluminium, which is a critical […]

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313 views
FEATURED
Mining Index Zimbabwe
- March 21, 2022
313 views 3 mins

Prospect secures lithium deposit

PROSPECT Resources’ wholly-owned subsidiary, Promin Resource Holdings Ltd, has acquired a potential high-grade lithium deposit located approximately 8km north of Arcadia Lithium project, the parent company has revealed. According to the company’s half year financial results for the year ended December 31, 2021, an exploration programme is underway. “During the period, Prospect’s wholly-owned subsidiary, Promin […]

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381 views
FEATURED
Mining Index Zimbabwe
- March 21, 2022
381 views 3 mins

US Treasury sanctions one of Africa’s biggest gold refiners

The US Treasury sanctioned Belgian gold trader Alain Goetz and his African Gold Refinery, one of the continent’s biggest processors of the metal, for allegedly contributing to conflict in the Democratic Republic of Congo. Goetz and Uganda-based AGR are key players in Congo’s illicit gold trade, which is worth hundreds of millions of dollars each […]

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194 views
FEATURED
Mining Index Zimbabwe
- March 17, 2022
194 views 6 mins

ZCDC diamonds back on the market

STATE-OWNED diamond miner, Zimbabwe Consolidated Diamond Company (ZCDC)’s gems are back on the market after a seven-month hiatus. The ZCDC has been on a massive production ramp up spearheaded by a new management team. Last year, for the first time, the diamond company declared a dividend to its sole shareholder, the government. In an interview, […]

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